EPS 326 - "From Pittsburgh to Texas: Ryan Heddleston’s Strategic Growth in Multifamily Real Estate and His Battle Against Rising Property Taxes"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Release Date: 04/15/2025
EPS 328 - "Inside the Multifamily Market: Navigating Distressed Assets, Smarter Underwriting & Investor Strategies with Paul Peebles and James Eng"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Paul Peebles and James Eng dive deep into the shifting landscape of multifamily real estate investing. From Old Capital’s educational bus tours across DFW submarkets to critical updates on distressed assets and stricter underwriting from Fannie Mae and Freddie Mac, this conversation is packed with insight for both seasoned operators and aspiring investors. Learn why fewer deals are closing, how lenders are adjusting, and what steps you can take now to build credibility, raise capital, and find success in today’s competitive market. Don’t miss key tips on navigating loan options,...
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EPS 327 - "The Immigrant Hustle: How This Couple Turned Setbacks into a Multifamily Fortune.”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
"The Immigrant Hustle: How This Couple Turned Setbacks into a Multifamily Fortune.” Vivek and Asha Kangralkar, originally from small villages in India, moved to the U.S. in 2010 with their two young daughters in search of a better future. After Vivek lost his job in 2012, they were left with just $1,500 in savings—but refused to give up. They launched a granite and marble import business, followed by Avacraft, a cookware brand that gained national attention, including features on Good Morning America and Forbes. In 2018, they pivoted to multifamily real estate, turning around...
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EPS 326 - "From Pittsburgh to Texas: Ryan Heddleston’s Strategic Growth in Multifamily Real Estate and His Battle Against Rising Property Taxes"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Ryan Heddleston's journey from small-scale real estate investments in Pittsburgh to managing large-scale multifamily properties in Texas is a great example of how strategic partnerships and expertise can lead to substantial growth. His decision to partner with experienced operators allowed him to scale quickly, which paid off—he acquired over 6,000 units across 34 properties, worth more than $500 million in total capitalization. However, even seasoned investors like Ryan can encounter challenges, and one key issue he identified was the high property tax rates in Texas, which can...
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EPS 325 - "Jeff Adler with YARDI MATRIX, is a very smart - BIG PICTURE- apartment guy. You need to listen to him!"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Before becoming “DATA NERD IN CHARGE” at Yardi Matrix, Jeff Adler was Chief Property Operations Officer for AIMCO and managed a platform of over 160,000 units. At the Old Capital Speaker Series, James Eng with Old Capital dives into the current economic landscape, covering the U.S. growth forecast for 2025, persistent inflation, and a tight labor market. They also discuss the multifamily housing market that is showing mixed performance, with rising rents in some areas and slower construction due to higher costs. Jeff explores geopolitical shifts like reindustrialization, trade policies,...
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EPS 324 - "Greg Willett, Chief Economist at Leaselock, Discusses Texas Apartment Market Outlook: Economic Concerns, Regional Trends, and Investment Insights"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Greg Willett is Chief Economist for Leaselock. Greg has been an apartment data analyst and real estate observer for over 30 years. He discusses apartment investing trends and opportunities. Greg Willett expressed concerns about the economy, noting vulnerabilities in consumer confidence and rising credit card debt, which may affect renter demand for apartments. He discussed the current leasing season, noting normal demand and occupancy increases, with some rent growth in Dallas and Austin. Willett highlights challenges in new class A deliveries and solid performance in middle-tier to bottom-end...
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EPS 323 - "From Anesthesiologist to Real Estate Mogul: Dr. Paul Pena's Journey to Financial Independence and Multifamily Success"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Dr. Paul Pena, who transitioned from being a full-time anesthesiologist to a full-time real estate investor. Dr. Pena shares his journey, starting with single-family homes in El Paso, Texas, and moving to multifamily properties. He discusses his first multifamily investment in Fresno, California, a 28-unit property, and the challenges and successes he faced, including raising rents significantly and achieving a 20% cash-on-cash return for investors. Dr. Pena also talks about a more recent investment in Ventura, California, a distressed property that required extensive rehabilitation. He...
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EPS 322 - "Unlocking North Texas Investment Potential: Inside Rowan Multifamily Advisors and the Future of B & C Multifamily Sales"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Rowan Burch, Matt Waskow, and Coleton Burch of Rowan Multifamily Advisors share their expert insights into the current market, drawing from their experience in selling hundreds of large apartment buildings since 2010. They gave us market insights on the 1960’-1980’s apartments and the possible occupancy challenges and why buyers are being more selective. Also, they spoke about the level of property tour activity that they are experiencing. A great conversation with a knowledgeable investment sales team in DFW. Contact Rowan Multifamily Advisors: Are you ready to unlock the potential of...
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EPS 321 - What questions would YOU ask an operator of 30,000 units?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
What questions would YOU ask an operator of 30,000 units? Obviously, we had lots of questions. Since 2008, Charlie Young and his partners at Madera Residential have acquired over 120 large apartment buildings, again that’s “120 buildings- NOT just units. Billions of dollars of total asset value across many states. Today, they’re navigating a recapitalization of several properties they purchased in 2021 & 2022, by bringing more capital into the properties. Charlie is open and transparent with his lenders and investors, ensuring they understand the process and what to expect. Tune-in...
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ASK MIKE MONDAYS: "Michael, Given the Impact of Stricter Immigration Policies, How Are Landlords in Class B & C Apartments Responding to Occupancy Challenges in Workforce Housing?"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Some landlords of Class B and C apartments were not concerned with tenants' immigration status, and many rented to undocumented individuals over the last few years. Today, stricter immigration policies have notably impacted occupancy rates in workforce housing, especially in areas with a high concentration of older apartment buildings. Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker’s proven real estate syndication business can open doors to financial growth and long-term success. Visit today and start your journey toward smarter...
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EPS 320 - "Maximizing Value: Chris Pearson, Top Investment Sales Broker at Marcus & Millichap- Dallas, Shares Insights on Small Apartment Deals Under 75 Units”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Whether you’re a seasoned investor or just dipping your toes into the world of small apartment buildings, Chris Pearson and Nick Fluellen are here to give you the inside scoop on the latest trends, market shifts, and all things commercial real estate. Key Points: Upcoming Events: Old Capital's bus tour at the end of March. Virtual Speaker series with Jeff Adler of YardiMatrix in April. Conference in Dallas on October 8th and 9th. Save the Date! Old Capital Connection: New App for your phone! A community for accredited investors focused on multifamily investments. Provides exclusive updates,...
info_outlineRyan Heddleston's journey from small-scale real estate investments in Pittsburgh to managing large-scale multifamily properties in Texas is a great example of how strategic partnerships and expertise can lead to substantial growth. His decision to partner with experienced operators allowed him to scale quickly, which paid off—he acquired over 6,000 units across 34 properties, worth more than $500 million in total capitalization.
However, even seasoned investors like Ryan can encounter challenges, and one key issue he identified was the high property tax rates in Texas, which can significantly impact profitability. To address this, Ryan and Clayton Sievers co-founded Valorum Tax Advisors. By combining their deep understanding of the local tax landscape with their expertise in multifamily properties, Valorum specializes in helping operators reduce property tax burdens. Their services focus on fighting unfair property tax assessments and providing accurate tax estimates, crucial for both current property owners and those looking to make acquisitions.
To contact Ryan and Clayton: valoremtx.com
Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker’s proven real estate syndication business can open doors to financial growth and your long-term success. Visit SPIADVISORY.COM today and start your journey toward smarter investing!